Uniform Labs Raises $8 Million to Expand Multiliquid
Uniform Labs has raised a total of $8 million through Pre-Seed and Seed rounds, with the latest Seed round led by Polychain, and participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. Specific amounts and valuations for each round have not been disclosed.
Multiliquid is now live on Ethereum and Solana, allowing institutions to complete bi-directional exchanges of tokenized assets and stablecoins at net asset value in a single atomic transaction, with synchronous settlement. The platform targets asset issuers, institutional treasuries, DeFi lending protocols, and market makers, supporting reserve rebalancing, margin management, and yield strategy adjustments.
The platform operates in a non-custodial mode, executing transfer restrictions, identity verification, and compliance rules set by issuers at the settlement layer. It has begun processing initial pilot transactions. The funding will be used to expand the protocol engineering team, increase liquidity, and establish trading platform partnerships.
The company plans to integrate more tokenized cash and government bond products on EVM networks and Solana to broaden the range of settleable assets. Currently, there are no plans to issue tokens.
As the lead investor, Polychain continues to invest in early-stage protocol infrastructure, while Circle Ventures maintains investment ties to stablecoins and tokenized cash. The participating firms cover trading, protocol, and generative-related sectors, with funds primarily allocated for engineering expansion and liquidity access.
This financing occurs against the backdrop of increasing tokenized cash and government bond products on Ethereum and Solana. Institutional treasuries and market makers require low-friction atomic exchange and compliant settlement capabilities, directing funds towards protocol expansion and partner access, while issuers and institutional users gain more efficient rebalancing tools. Existing channels lacking atomic settlement capabilities face efficiency pressures.
Source: Public Information
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Since its inception, Polychain has continuously invested in early blockchain protocols and infrastructure, focusing on cross-chain, settlement, and institutional access-related projects. Circle Ventures has been building around the USDC ecosystem and tokenized cash, having previously participated in several early projects related to stablecoin settlement and government bond tokenization. Uniform Labs' recent funding sees both parties involved, continuing the trend of leading crypto venture capital firms betting on early-stage institutional settlement layers.
The $8 million funding is primarily directed towards expanding the protocol engineering team, integrating liquidity partners, and increasing the integration of tokenized cash and government bond products on Ethereum and Solana. The motivation is to reduce friction costs for institutions when exchanging assets and stablecoins across different chains, and to embed issuer compliance rules through a non-custodial settlement layer, enabling the platform to accommodate institutional activities such as reserve rebalancing and margin adjustments.
Similar paths can be seen in Centrifuge's early expansion around real-world asset settlement and liquidity access, as well as Maple Finance's focus on institutional credit and on-chain settlement tools. Currently, Multiliquid is in the early pilot and partner expansion phase post-protocol launch, shifting focus from single exchange functionality to compliant settlement coverage across multiple chains and asset types.
This essentially represents a restructuring of the industry chain. With the increase of tokenized government bonds and cash products on Ethereum and Solana, existing exchange processes that required multiple steps or custodial intermediaries are being replaced by atomic settlement. Mechanically, the non-custodial settlement layer embeds compliance rules at the execution level, allowing issuers, treasuries, and market makers to complete net value exchanges and rule verifications in a single transaction, thereby reducing operational steps across chains and platforms, and shifting settlement efficiency from multi-step collaboration to single-step atomic completion.
ABAB News · Cognitive Law
- Atomic settlement replaces multi-step intermediaries
- Compliance rules embedded at the execution layer
- Early capital bets on settlement infrastructure